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Businessman In Court Over Alleged N2.1m Fraud
Fraud
A 51-year-old businessman, Adetube Sanyaolu, on Friday appeared before an Ikeja Magistrates’ Court for alleged N2.1 million fraud.
Adetube, who resides at Ikorodu area of Lagos, is facing a two-count charge of obtaining money under false pretences and stealing.
He pleaded not guilty to the charge.
The Prosecutor, ASP Bisi Ogunleye, told the court that the defendant committed the offences on May 30, 2020 at Ijede, Ikorodu, Lagos.
Ogunleye said that the defendant collected the money from the Complainant, Mrs Sakirat Adeyinka, to help her purchase a car, which he failed to do.
“Efforts made by the complainant to either get her money or car after 17 months of payment proved unsuccessful.
“She reported the case to the Police and the defendant was arrested,” the prosecutor said.
He said that the offences contravened Sections 287 and 314 of the Criminal Law of Lagos State, 2015.
Section 287 stipulates three years imprisonment for stealing, while Section 314 prescribes 15 years for obtaining money under false pretences.
The Magistrate, Mrs Ejiro Kubeinje, granted the defendant bail in sum of N500,000 with two sureties in like sum.
Kubeinje said that the sureties should be gainfully employed with evidence of two years tax payments to the Lagos State Government.
She adjourned the case until Dec. 12 for mention.
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